MoreMagic Solutions Provides the Technology behind Voilà and Unibank's Mobile Money Service in Haiti
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MoreMagic Solutions, Inc.
Two Newton Place, Suite 270
Newton, MA, 02458
Press release date: December 13, 2010
MoreMagic selected as Mobile Money technology partner following successful pilot with Voilą and Mercy Corps
Waltham MA, USA - December 13th, 2010. MoreMagic Solutions, a mobile commerce and financial services solutions provider, today announced that it is the technology partner behind the first mobile money service in Haiti. The launch of the service by Voilą and Unibank last week follows a successful nine month pilot which provided international relief and development agency, Mercy Corps, with a secure and cost effective way of distributing money across Haiti to support reconstruction efforts.
T-Cash, which is enabled by MoreMagic Solutions' industry-leading Mobile Commerce and Financial Services (MCFS) technology platform, MCFS:Suite(TM), is bringing the benefits of basic financial services to hundreds of thousands of people in Haiti for the first time. With T-Cash's electronic wallet, Voila customers can now make peer-to-peer money transfers, pay bills and receive payments. Funds received can be converted into cash, or used to purchase items such as food and shelter materials.
"We chose MoreMagic Solutions, a mobile commerce and financial services solution provider from Boston to deliver this service for us," said Robin Padberg, CEO of Voilą. "Their experience in other developing markets with mobile banking and their deep understanding of our needs, coupled with a very secure and yet flexible technology platform, enabled us to launch this service within two months of the earthquake last January as a pilot and go fully commercial after nine months".
"We have been working with Voilą in Haiti since 2008 when they launched their eTopUp program for airtime sales which has given over 15,000 foot soldiers the opportunity to become airtime re-sellers and make a living out of selling airtime from their own sub-$10 phones", said Pankaj Gulati, CEO of MoreMagic. "We're excited to extend our relationship and to be the technology partner behind the first mobile money service in Haiti. They have skipped all the legacy steps and created the ultimate mobile banking experience with T-Cash, thus demonstrating strong collaboration between the mobile operator, the bank and the relief organization", he added.
With deployments in more than 60 countries worldwide, MoreMagic Solutions offers transaction platforms for mobile operators, financial institutions, content providers, and distributors, enabling consumers to purchase goods and services on demand using a mobile phone, POS, or web. The MoreMagic Solutions high-throughput payment engine and pre-packaged applications enable revenue-generating services, including mobile recharge and mobile money transfer, both domestic and international; mobile banking; bill payment; and mobile commerce; with integration into diverse network environments, languages, and currencies. Through MoreMagic Solutions worldwide distribution, MNO-branded services are available for out-of-country customers, enabling communications with relatives back home, and increased usage on mobile networks worldwide.